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you know, as somebody who has worked with budgets throughout my life, in order to deal with the deficit problem, you've got to deal with entitlements. you have to deal with revenues. and you have to deal with discretionary. all of it has to be part of a package. >> is he doing enough? >> i think he's pushing as hard as he can. >> should he be more public? >> well, look. the president of the united states has indicated the concern about sequester. he's indicated his concern about maintaining a strong national defense. and he's proposed a solution to this. the ball is in congress' court. they have got to take action to delay sequester. >> i want to move on to some of the hot spots. we'll start in north africa. a lot of news this week. here is the a.p. headline. u.s. limited in fight against north african militants. the united states is struggling to confront an uptick in threats in the newest hot spot with limited intelligence and few partners to help as the obama administration weighs who you to keep islamic extremists from jeopardizing national security without launching war. we want to
you know, as somebody who has worked with budgets throughout my life, in order to deal with the deficit problem, you've got to deal with entitlements. you have to deal with revenues. and you have to deal with discretionary. all of it has to be part of a package. >> is he doing enough? >> i think he's pushing as hard as he can. >> should he be more public? >> well, look. the president of the united states has indicated the concern about sequester. he's indicated his...
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until we fix it we'll run deficits and continue to mound to our debt. david: republicans are doing some dances too, like that french apache dancing where you grab someone by the hair, and drag them. like the tea parties trying to drag them down, what is likely to happen? are they likely to fix up their act before the negotiations really begin so they come as united front against the president? >> david, that is a great question, but, to bet on this congress to fix their own act, i don't care if they are republicans or democrat, this is the most futile congress to record by a factor of two, the last 3 years by number of bills passed. they cannot agree on anything. but one thing they have in their favor good forward, you raise taxes on the rich, now that was political and that was a home run as far as our base, democrats. the next tax increase, will hurt. because they will be on the rest of americans, they will be very unpopular, that is what republicans need to say, these are not necessary, we have to deal with entitlements and spending. david: but tax c
until we fix it we'll run deficits and continue to mound to our debt. david: republicans are doing some dances too, like that french apache dancing where you grab someone by the hair, and drag them. like the tea parties trying to drag them down, what is likely to happen? are they likely to fix up their act before the negotiations really begin so they come as united front against the president? >> david, that is a great question, but, to bet on this congress to fix their own act, i don't...
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the numbers today are living short of terrific. $7 trillion in deficits over the next ten years. is coming after we raise 600 billion in taxes. what does the president say? well, let's not do the spending cuts, which we are counting on to keep it down to 7 trillion. instead to raise taxes, which we already proven does not solve the problem. you have to have a pretty good sense of humor to like it that seriously. lou: and to look at you have to have a pretty good sense of humor to put this in context of the history of this president and fiscal issues. does not pose for the budget. the senate has not passed one commend the president of the united states said this back in 2011. november 41st. already, he said, some in congress are trying to undo these automatic spending cuts, much like he did today at 115 eastern time. my message to them back in 2011, no, i will be there through any effort to get rid of automatic spending cuts to domestic and defense spending said the break president at that point. your reaction? >> that was president obama circa 2011. candid obama in a debate set s
the numbers today are living short of terrific. $7 trillion in deficits over the next ten years. is coming after we raise 600 billion in taxes. what does the president say? well, let's not do the spending cuts, which we are counting on to keep it down to 7 trillion. instead to raise taxes, which we already proven does not solve the problem. you have to have a pretty good sense of humor to like it that seriously. lou: and to look at you have to have a pretty good sense of humor to put this in...
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Feb 4, 2013
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this the in the new normal no interest in bringing down the deficit or the debt. >> we just did this whole fiscal cliff thing at the end of the year. we thought hey had a deal where we're going to raise revenues this way and cut spending this way, blah blah blah. listen to what president barack obama said just this past sunday. >> there's no doubt we need additional revenue. coupled with smart spending reductions, in order to bring down our deficit. >> was he crossing his fingers behind his back when he negotiated the fiscal cliff deal? sounds like he is going after more revenue. >> he'll never stop trying to raise taxes. whether or not he can succeed i don't know. he comes out of a far left ideology that believes in class warfare and radical wealth restriction and to feed that you need tax revenue coming from the so-called 1% on whom he raised tax throw it the fiscal cliff deal. he knows the real now is with the mitting class so he is coming for you. so -- >> wait, wait. right there want you to listen to this. this is also what he said. >> can we close some loopholes and deductions
this the in the new normal no interest in bringing down the deficit or the debt. >> we just did this whole fiscal cliff thing at the end of the year. we thought hey had a deal where we're going to raise revenues this way and cut spending this way, blah blah blah. listen to what president barack obama said just this past sunday. >> there's no doubt we need additional revenue. coupled with smart spending reductions, in order to bring down our deficit. >> was he crossing his...
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to pay down the deficit. and potentially to make our businesses more competitive. >> president's call comes a day after his two most southeastern defense advisors warned the sequester would make the country less safe, and the president says the domestic spending cuts would slow down the economic recovery, which isn't producing jobs fast enough even now, shepard. >> shepard: what are we hearing from republican? reporter: they say the sequester was a white house idea. though the goal was to force a compromise by the so-called supercommittee. that didn't happen. now some lawmakers in both parties say the sequesterses of across the board cuts would be better than a bad deficit reduction deal. one senator said rather than continuing to raise taxes on hard-working americans, congress ought to be looking at ways to reduce our runaway federal spending. senator mitch mcconnell says congress acted on the tax issue when it allowed the bush administration tax cuts for the well-to-do to expire. some of them. now he says i
to pay down the deficit. and potentially to make our businesses more competitive. >> president's call comes a day after his two most southeastern defense advisors warned the sequester would make the country less safe, and the president says the domestic spending cuts would slow down the economic recovery, which isn't producing jobs fast enough even now, shepard. >> shepard: what are we hearing from republican? reporter: they say the sequester was a white house idea. though the goal...
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Feb 9, 2013
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this deficit was not caused by our federal work force. you are not responsible for their deficit. [applause] >> we could talk about the policies of going to war and how we pay for it, etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic spending and how we were going to deal with longer term solution that is required to us deal with revenues and mandatory spending and i ask your understanding as we pass the budget control act. and at the we were analyzing a recommendation that came out of a presidential commission known as the boles simpson commission. that commission said we had to reduce the deficit by $4 trillion or $5 trillion to have sustainable growth in our country. take a minute and look at the progress that we've made since that last visit. simpson bowles which was generally recognized as a balanced approach, a bipartisan appro
this deficit was not caused by our federal work force. you are not responsible for their deficit. [applause] >> we could talk about the policies of going to war and how we pay for it, etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic...
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here's your rainfall deficit for the year. we're down nearly half a foot of rain in san francisco, almost three inches in san jose and livermore. we do have this low pressure area. it's working its way down the california coastline right now. snow in the mountains, scattered showers for us. slight chance of a thunderstorm right at the coastline. but once this guy is gone, the rain chance is gone until likely after valentine's day. it will be with us till about lunchtime tomorrow. heading off to work, might want to leave five or ten minutes early, because the rain will likely slow things down. high pressure stays off to our west, giving us a northerly flow, a cold flow but a dry flow. after tomorrow, we will be mainly dry for a while. how much rain tonight? some of you may get half an inch of rain, maybe a little less than that for san francisco. but it's certainly not a deficit buster when it comes to rain. slight chance of a thunderstorm tonight, especially at the coast. the weekend will be sunny and cold. lows near freezing
here's your rainfall deficit for the year. we're down nearly half a foot of rain in san francisco, almost three inches in san jose and livermore. we do have this low pressure area. it's working its way down the california coastline right now. snow in the mountains, scattered showers for us. slight chance of a thunderstorm right at the coastline. but once this guy is gone, the rain chance is gone until likely after valentine's day. it will be with us till about lunchtime tomorrow. heading off to...
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that we need additional revenue, coupled with smart spending reductions in order to bring down our deficits. we can do it in a gradual way. when you look at these deductions that people are able to take advantage of, the average person can't take advantage of. the average person doesn't have access to cayman island accounts. so, we just want to make sure that the whole system is fair. >> all right, today is the day one in the new job for secretary of state john kerry, he got an early start over the weekend, he reached out to world leaders by phone, pledging to continue pushing for peace talks. >>> the senate armed services committee is expected to vote his nomination to senate. former white house press secretary robert gibbs was on meet the press, admitted that it wasn't hagel's finest hour. >> the disconcerting thing for anybody who watched it he seemed unimpressive and unprepared on the questions that quite frankly he knew was coming. i'm reminded three weeks into the first term of the president obama administration, treasury secretary timothy geithner gives a, the market dropped 382 poin
that we need additional revenue, coupled with smart spending reductions in order to bring down our deficits. we can do it in a gradual way. when you look at these deductions that people are able to take advantage of, the average person can't take advantage of. the average person doesn't have access to cayman island accounts. so, we just want to make sure that the whole system is fair. >> all right, today is the day one in the new job for secretary of state john kerry, he got an early...
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deficit will fall below one trillion dollars. the budget was a priority. and it was supposed to be delivered to lawmakers yesterday. a defense official with knowledge of the budget process tells bloomberg that the president will probably delay that budget plan until sometime in mid march. the obama administration has been signaling that the blue print would miss the deadline. once i get moving on to another story here. if you're not pay for student loans and could be your college all modern tracking you down. the fault on almost a billion dollars worth of student loans are leaving schools little chilis right now. the students to not pay them back there is less too long to new students who cannot afford college. princeton review out with a list of 150 best value colleges for 2013. these are schools that they consider have excellent education and financial aid. it might be a little snowy and cold. if you ride a bicycle to work you are probably happier. in his study shows getting to work by an active transportation increases your well-being. that is the lates
deficit will fall below one trillion dollars. the budget was a priority. and it was supposed to be delivered to lawmakers yesterday. a defense official with knowledge of the budget process tells bloomberg that the president will probably delay that budget plan until sometime in mid march. the obama administration has been signaling that the blue print would miss the deadline. once i get moving on to another story here. if you're not pay for student loans and could be your college all modern...
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. >> a passionate discussion it certainly was they face a $1 billion budget deficit to have some difficult decisions had to make regarding which schools will need to be closed or consolidated. barbara byrd bana has already said she will not consider closing level one rated schools or high schools that still leaves hundreds of other schools on the chopping block it's also considering performance and safety issues parents tonight are hoping their neighborhood schools can keep open. we as parents are tired of teachers making decisions for us kids pleased with every do do not close each and every one of those little boys and girls that walk into the elementary school every day. there were 62 schools at this meeting tonight there are several more meetings just like this one planned over the next few weeks the final list of recommendations will come from ceo barbara byrd bana by march 31st we will give those recommendations to the chicago board of education and a final decision will be made no word on how many schools that maybe. live tonight in washington park. from chicago to west chicago spec
. >> a passionate discussion it certainly was they face a $1 billion budget deficit to have some difficult decisions had to make regarding which schools will need to be closed or consolidated. barbara byrd bana has already said she will not consider closing level one rated schools or high schools that still leaves hundreds of other schools on the chopping block it's also considering performance and safety issues parents tonight are hoping their neighborhood schools can keep open. we as...
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. >>> plus, could legalizing marijuana help the deficit go to pot? new legislation would generate tens of billions of dollars in tax revenue. the congressman behind it all joins us to explain. do you ever have too much money? ♪ to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. ♪ they said go to school and be a college kid -- melissa: the student loan catastrophe we are seeing all around us, colleges and universities now suing graduates that aren't paying back their loans. the number of students defaulting on their perkins loans, though --
. >>> plus, could legalizing marijuana help the deficit go to pot? new legislation would generate tens of billions of dollars in tax revenue. the congressman behind it all joins us to explain. do you ever have too much money? ♪ to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better...
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. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big spending cuts. >> right. >> it was a deficit reduction package that worked. they continued to do more deficit reducing package with newt gingrich on the spending side throughout the decade and we're on our way to a surplus. >> that's right. i've been calling it the undecade, the 1990s has been written out of their record. they would have you believe that it was always the way it was under reagan and then bush. >> why don't they just say, leave off the clinton tax increase, which helped a lot, and just claim they did it for spending cuts? >> because if they do, if they admit that something nice happened in the '90
. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big...
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Feb 2, 2013
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this makes sense whether or not we have a federal deficit. even if we had a zero deficit, many program cuts and determination would sbreels g.d.p. and expand -- increase g.d.p. the fiscal conservatives always say they want to cut spending but near i will all the focus in recent years have been trying to impose overall restraint by voting balanced budget. i'm not against the caps but they do not reduce the underlining pressure to spend. the only way to do that is challenge particular programs and make the argument that particular programs are harmful and wasteful, unconstitutional, unjust, and unneeded. to make lasting reforms congress needs to make the case to cut many dozens, hundreds of particular programs. if the republicans want to kill funding for big bird they have to make the case for it. they have to lay out the case and push on that for many months or many years to wear down the opposition. so the very few examples in recent decade where is we've been able to cut or limit or reform programs, there has been a build up and we've laid t
this makes sense whether or not we have a federal deficit. even if we had a zero deficit, many program cuts and determination would sbreels g.d.p. and expand -- increase g.d.p. the fiscal conservatives always say they want to cut spending but near i will all the focus in recent years have been trying to impose overall restraint by voting balanced budget. i'm not against the caps but they do not reduce the underlining pressure to spend. the only way to do that is challenge particular programs...
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people building roads bridges stuff like that we currently have a two trillion dollar infrastructure deficit that's apparently going to cost us three million jobs over the next ten years isn't it just simple don't we invest in infrastructure put people back to work you know we can always use construction workers to tear down the rotting houses that the government helped build through in two thousand when we build so many houses we have a real estate bubble that you see in the employment that's the government we have and i would like to point out you know recently intelligent guy watch i can make one hundred fifty seven thousand disappear to one hundred sixty six thousand of them are immigrants roughly eighty eight thousand of them are new graduates to rival of these new new jobs. leads to a level employment it doesn't actually juice unemployment by one scrap so we can get one hundred fifty thousand jobs per month for ever and we will never reduce the rate something's wrong so then what how do we do that how do we reduce the import of what i'm going to service a do with the free market it see
people building roads bridges stuff like that we currently have a two trillion dollar infrastructure deficit that's apparently going to cost us three million jobs over the next ten years isn't it just simple don't we invest in infrastructure put people back to work you know we can always use construction workers to tear down the rotting houses that the government helped build through in two thousand when we build so many houses we have a real estate bubble that you see in the employment that's...
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people building roads bridges stuff like that we currently have a two trillion dollar infrastructure deficit that's apparently going to cost us three million jobs over the next ten years isn't it just simple don't we invest in infrastructure put people back to work to we can always use construction workers to tear down the rotting houses that the government helped build during two thousand and one we build so many houses we had a real estate bubble that you see in florida that's the government we have and i would like to point out you know reason be intelligent guy watch i can make one hundred fifty seven thousand disappear to one hundred sixty six thousand of them are immigrants roughly eighty eight thousand of them are new graduates the arrival of these new jobs merely leads to aid. level employment it doesn't actually juice unemployment by one scrap so we can get one hundred fifty thousand jobs per month for ever and we will never reduce the rate something is wrong then where how do we do that how do we reduce the import of the conservative say do with a free market it seems to work where
people building roads bridges stuff like that we currently have a two trillion dollar infrastructure deficit that's apparently going to cost us three million jobs over the next ten years isn't it just simple don't we invest in infrastructure put people back to work to we can always use construction workers to tear down the rotting houses that the government helped build during two thousand and one we build so many houses we had a real estate bubble that you see in florida that's the government...
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Feb 2, 2013
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we should care about the deficit. we should care about the difference between what the government is spending and collecting. extremely important. we should also care about the size of government. we should care about both. what we have done over the past several years is illuminated concerns about the deficit. we have done that to a large extent by increasing the size of government. the bigger government is, the fewer resources there are for california families and businesses to do with they want to do with them. so, you have got to take both of those into account. i think that one of my concerns is, if we simply say, deficits are not a problem, everything is better, we are ignoring that other dimension. in reality, policy makers are making two decisions. one, when they're deciding that deficit, they are allocating resources. borrowing from our states future income. two, they are allocating sources between the public and private sector and making decisions about how efficient economy is. i cannot answer on the specif
we should care about the deficit. we should care about the difference between what the government is spending and collecting. extremely important. we should also care about the size of government. we should care about both. what we have done over the past several years is illuminated concerns about the deficit. we have done that to a large extent by increasing the size of government. the bigger government is, the fewer resources there are for california families and businesses to do with they...
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this is part of an effort to cut the massive budget deficit faced by the postal service. >> i do not have any e-mail and a computer to be honest about it. i do rely on the u.s. post office mail. he is not happy about the upcoming changes that take effect august 1st. chicago district post offices will you to know that the other saturday services will continue. if you're giving medicine on saturday you're going to continue to get your medicine on saturday. if you're looking for a package from saturday you'll continue to see that package on saturday. and they're hoping that they will be able to phase this in. through attrition there might be summed elimination. we are hoping there will not be any massive changes. we hope to talk to the unions later on in the day. we will have the very latest in the evening as. law >> i've with more on why there was a delay the police are crediting several agencies as working together. he is arrested monday over seven hours. police said witnesses able to provide a description of the suspect. more importantly that witness was able to give them a partial l
this is part of an effort to cut the massive budget deficit faced by the postal service. >> i do not have any e-mail and a computer to be honest about it. i do rely on the u.s. post office mail. he is not happy about the upcoming changes that take effect august 1st. chicago district post offices will you to know that the other saturday services will continue. if you're giving medicine on saturday you're going to continue to get your medicine on saturday. if you're looking for a package...
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that we're reducing our deficit in a way that doesn't hamper growth, reduce the kinds of strategies that we need in order to make sure that we're creating good jobs and a strong middle class. >> strong middle class. make sure the system is fair. it's game on for this president. joining me now is political strategist angela rye. thank you both for being with us. >> thank you, reverend al. >> jarret, let me go to you first. tax fairness is a big part of what the president wants to get done. take a look at this. there are many middle class households that are actually paying a higher tax rate than households that make over a million dollars a year because they don't get most of their money from investments. will the president's policies change this problem? >> they will and they already are, to some extent. but there's more to be done there, just like the president just said. in the deal that ended the fiscal cliff, the tax rate at least for folks at the very top of the income scale, above $450,000, on capital gains and dividends, capital gains is what you get when you sell an appreciated s
that we're reducing our deficit in a way that doesn't hamper growth, reduce the kinds of strategies that we need in order to make sure that we're creating good jobs and a strong middle class. >> strong middle class. make sure the system is fair. it's game on for this president. joining me now is political strategist angela rye. thank you both for being with us. >> thank you, reverend al. >> jarret, let me go to you first. tax fairness is a big part of what the president wants...
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Feb 8, 2013
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america's trade deficit with china felt by quite a bit suggesting strong american manufacturing and exports. now it's good news, but it doesn't gibe with the latest gdp numbers we have showing that the american economy has contracted. so economists are going to have to go back and figure this one out. those discouraging gdp numbers could very well be wrong. >>> a decent day on the markets. it's been a peculiar week this week, a lot of up and a lot of down. linkdn doing well after blowout yesterday. >>> and the power company that provided electricity to the louisiana superdome said it figured out what caused the power outage during the super bowl. it wasn't hackers, beyonce, it was just a bad relay. sometimes the explanation turns out to be a bit routine. a thing-ga-ma-doo quit working. >> fun to think that beyonce blew out all the lightsp. >> scott mcgrew talking about a thing-ga-ma-doo. >> technical term. >>> a live look. beautiful clear skies more or less here over san francisco. this is the clearest it's been all day. so mostly sunny here. let's show you san jose now. oh, yeah, we're sti
america's trade deficit with china felt by quite a bit suggesting strong american manufacturing and exports. now it's good news, but it doesn't gibe with the latest gdp numbers we have showing that the american economy has contracted. so economists are going to have to go back and figure this one out. those discouraging gdp numbers could very well be wrong. >>> a decent day on the markets. it's been a peculiar week this week, a lot of up and a lot of down. linkdn doing well after...
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. >> eric: the way this works the post office when it runs a deficit like the last three years in a row they go to the u.s. treasury department. they post a letter of credit and treasury hands them money. what happens if the post office defaults. who is on the hook for that money? >> the taxpayer is on the hook for all of it. this is not -- this notion, they have endorsed privatizing it. and to provide universal service g-mail provides universal service for free. post office does it to the tune of billions of dollars that taxpayers stand behind. >> eric: great discussion. how is a college degree for only ten grand sound? a number of states are making that happen. is this the best idea to save money or will it end up costing taxpayers even more money. this woman, caught on camera, shocking new video, entitlement fraud, wee do we need to cut all entitlement programs? ♪ ♪ ♪ ♪ ♪ hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood
. >> eric: the way this works the post office when it runs a deficit like the last three years in a row they go to the u.s. treasury department. they post a letter of credit and treasury hands them money. what happens if the post office defaults. who is on the hook for that money? >> the taxpayer is on the hook for all of it. this is not -- this notion, they have endorsed privatizing it. and to provide universal service g-mail provides universal service for free. post office does it...
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. >> a budget deficit for the post office, no more mail on saturday starting this summer. >> opinions may have an opinion about losing their saturday delivery service so do 80,000 postal carriers who fear losing their jobs, they think this is the beginning of the end and some members of congress are as outraged as well they say that the postmaster general cannot pull the plug on programs for saturdays, only congress can. the national association of letter carriers is fighting back and calling the postmaster general to step down, he told the nation today saturday postal delivery will be a thing of the past starting on august 5th. it is simply too big of a cost savings to ignore. today congressman danny davis a former postal worker himself reminds union members that lawmakers have until march 27th to intervene. if congress ultimately makes the decision, that is what the decision is but i don't think it should be made by the postmaster general, or the postal service with as meaningful as it is to the american people. >> mostly sadness out on the street disappointment and even surprise fr
. >> a budget deficit for the post office, no more mail on saturday starting this summer. >> opinions may have an opinion about losing their saturday delivery service so do 80,000 postal carriers who fear losing their jobs, they think this is the beginning of the end and some members of congress are as outraged as well they say that the postmaster general cannot pull the plug on programs for saturdays, only congress can. the national association of letter carriers is fighting back...
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Feb 8, 2013
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focus on immigration, guns, and tackling the federal deficit. president was looking to rally house democrats at their annual retreat saying he wanted a long-term budget deal but new revenues must be part of the package. >> i am prepared, eager and anxious to do a big deal, a big package, that ends this governance by crisis where every two weeks or every two months or every six months we are threatening this hardline recovery -- >> the president also discussed a looming automatic budget cuts arguing the public favors his plan for a balanced solution. >>> turning to the topic of guns. the president will continue his push to stop gun violence as the first lady pays tribute to the latest victim. michelle obama is headed to chicago this weekend to attend the funeral of 15-year-old what day yeah pendleton. the honors student was shot last week in a chicago park just days after performing at inauguration students in d.c. pendleton was among 40 people gunned down in chicago last month, making january its deadliest month in over a deck. >> the white hous
focus on immigration, guns, and tackling the federal deficit. president was looking to rally house democrats at their annual retreat saying he wanted a long-term budget deal but new revenues must be part of the package. >> i am prepared, eager and anxious to do a big deal, a big package, that ends this governance by crisis where every two weeks or every two months or every six months we are threatening this hardline recovery -- >> the president also discussed a looming automatic...
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they're talking about the economy and deficit reduction. but also in the context of how does immigration affect that? the president said he wants to do something about the 11 million people who are living and working in this country and have been doing so for years illegally. but republicans here, especially conservatives on the house side, want to make sure border protection comes first. janet napolitano is touring the border right now and says we can secure it but we can't completely shut it down because that would hinder trade and commerce. also today the house judiciary committee meeting. they take a look at what might be the best solution here. there's a group of democrats and republicans working behind the scenes to come up with a solution. no word yet on how much progress they've made. >> interesting. tracie potts, thank you. >>> nbc news has obtained a confidential justice department memo that contains the legal justification for drone strikes on american citizens. the document from the justice department says the government can ord
they're talking about the economy and deficit reduction. but also in the context of how does immigration affect that? the president said he wants to do something about the 11 million people who are living and working in this country and have been doing so for years illegally. but republicans here, especially conservatives on the house side, want to make sure border protection comes first. janet napolitano is touring the border right now and says we can secure it but we can't completely shut it...
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Feb 6, 2013
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we believe there is a better way to reduce the deficit, but americans do not support sacrificing any real spending cuts for more tax hikes. the white house believes house republicans, who have warmed up to the idea of letting the sequester take effect, may get a wake-up call as they continue to see those -- the economy contract, that the fourth quarter numbers will be a wake-up call. the president pointed out yesterday that those cuts in defense spending caused the economy to shrink at the end of 2012. >> we've been reminded that while it's critical for us to cut wasteful spending we can't just cut our way to prosperity. deep, indiscriminate cuts to things like education and training, energy and national security will cost us jobs. >> new numbers from the congressional budget office may provide some ammunition. the cbo projects the economy will grow at a measly rate of 1.4% this year and 3.4% next year. the cbo forecast is correct, 2014 will be the sixth consecutive year with unemployment above 7.5%, but expect to hear from republicans about another big number in that report, and alt
we believe there is a better way to reduce the deficit, but americans do not support sacrificing any real spending cuts for more tax hikes. the white house believes house republicans, who have warmed up to the idea of letting the sequester take effect, may get a wake-up call as they continue to see those -- the economy contract, that the fourth quarter numbers will be a wake-up call. the president pointed out yesterday that those cuts in defense spending caused the economy to shrink at the end...
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Feb 2, 2013
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we're deficit doves in a down economy, and deficit hawks in a strong economy. at a time like this, what you really need is faster growth. by the way, not only will that help put more people to work, but it will actually help reduce your budget deficit ironically because those people will be working, paying taxes, they won't be drawing on government benefits. when you're into a robust economic recovery, that's when you want to start serious deficit reduction. but if you do it too soon -- and we've seen this in europe. all that austerity. if you do it too soon, not only does it not work on the growth side it actually hurts you on the government debt side. >> okay. politics here, though, with republicans calling for all this deficit reduction -- they control the house -- is it politically not viable for paul krugman and you to get your wish? >> apparently it's less viable than perhaps it ought to be if we were just going on the economics. look, i think the thing that maybe paul and certainly me are both saying is, it may be unrealistic to expect more stimulus spen
we're deficit doves in a down economy, and deficit hawks in a strong economy. at a time like this, what you really need is faster growth. by the way, not only will that help put more people to work, but it will actually help reduce your budget deficit ironically because those people will be working, paying taxes, they won't be drawing on government benefits. when you're into a robust economic recovery, that's when you want to start serious deficit reduction. but if you do it too soon -- and...
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we need to reduce our deficit and begin paying down our debt. but irresponsible across-the-board sequestration cuts are not the way to do it. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from michigan seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, america's manufacturing sector has played an invaluable role over the last century in propelling our economy and creating a strong and vibrant middle class. manufacturing continues to be a bright spot in our economic recovery. since 2010, the u.s. has added over a half a million manufacturing jobs. mr. kildee: that's progress. but in a time where millions of americans continue to struggle, we can and must do more. congress should be working every day to rebuild our economy and create good-paying jobs right here in america not overseas. that's why i support the make it in america agenda, which will strengthen manufacturing and rebuild our infrastructure. it will also m
we need to reduce our deficit and begin paying down our debt. but irresponsible across-the-board sequestration cuts are not the way to do it. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from michigan seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, america's manufacturing sector has played an invaluable role over the last century in propelling our economy...